Is my FICO score any good?
I’m 20 right now, and I just checked my Equifax and my FICO score is 701. I’ve had 1 credit card for a year now and i have another credit card i just got a few months ago. I’m currently a student at University and I have student loans. Is there any advice in approving my FICO score? And is 701 a good credit score for my age and how new i am to the credit world lol?
701 is decent score
To improve your score, just pay your monthly payments, don’t apply for too many loans ( you want as little inquires on your bureau as possible), don’t be more than 30 days past due with your creditors.
701 for 20 year old is pretty good 
realized that the post above mine states that 1223 is average score…
Simple google search for "average fico score" will show you that he is wrong
An average FICO score is 1223+ and assuming that score is 701 you should be/ or already have filed for bankruptcy… Give it up kid… you don’t have a chance in the real world
References :
701 is decent score
To improve your score, just pay your monthly payments, don’t apply for too many loans ( you want as little inquires on your bureau as possible), don’t be more than 30 days past due with your creditors.
701 for 20 year old is pretty good
realized that the post above mine states that 1223 is average score…
Simple google search for "average fico score" will show you that he is wrong
References :
the average "good score" is about 650-700. Some companies take an
average of all three scores, and some take the score in the middle
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http://www.bestcreditrates.net
References :
FICO scores in Canada marked between 300-900
701 puts you in a great position. The longer you have a credit history the more it can improve your score. If you have no lates, it improves your score. Try keeping the revolving credit(credit cards) paid off monthly. Never rack your card up to the max. This reflects badly and can lower your score. Make sure your student loans are never in default. You’re doing good. At your age, it’s time that’ll improve your score more than anything else. If you have a balance try to pay it off, that’llhelp improve the score.
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